Sunday, February 17, 2008

6.49% On The Taxpayer

Right, assuming you've still got some cash, close your Egg account (now on a piffling 5%), close your ING account (ditto), and switch all funds to HMG Crock asap.

With nationalisation you can get a tempting array of savings rates from 6.35% to 6.49%, all fully guaranteed by the taxpayer. In these times of dodgy banks, that's an AAA guarantee.

What are you waiting for?

PS Nobody would start from here, but as we've blogged many times, nationalisation was always by far the least worst option for taxpayers. Let's hope Mr Sandler can extract at least some of the fat from the flames.

BOM the book now available

Drawing on six years of blogging government waste, this book shows how we spend far more than we need on our public services. It sets out the facts and explores the underlying issues. Just why does government spend so much and deliver such second rate service? Why do we put up with it? And what are the alternatives?

ABOUT BOM

Despite all the talk of cuts, government still consumes nearly half our national income. Yet many tens of billions of its spending is wasted, with taxpayers made to pick up the tab for a depressing array of overpriced sub-standard services. This is money we can no longer afford, and our National Debt is already at danger level.

If we're to avoid further decades of stagnation and austerity we urgently need to find another way. Exposing and understanding the wastefulness of government is a necessary step in the right direction.